$100 in 1983 is worth $173 in 2000,
because prices increased 72.9% over that period, an average of
3.27% a year.
$100 in 1983 has
the same buying power as
$173
in 2000
Detailed inflation statistics
Cumulative price change
72.9%
Average inflation rate
3.27% per year
Converted amount ($100 base)
$173
Price difference ($100 base)
$72.89
CPI in 1983
99.6
CPI in 2000
172.2
Inflation in 1983
3.21%
Inflation in 2000
3.36%
$100 in 1983 → 2000
$173
$100 in 2000 → 1983
$57.84
What happened to prices between 1983 and 2000
Between 1983 and 2000, the Consumer Price Index went from 99.6 to 172.2.
Cumulatively, prices increased 72.9%, which works out to an average of
3.27% per year. Put differently, a dollar in 1983 bought what
$0.58 buys in 2000: the 1983 dollar
lost 42.2% of its purchasing power over
these 17 years.
1983 confirmed that the Volcker disinflation was not a one-year fluke.
Consumer prices rose 3.2% for the year, nearly identical to 1982’s pace and a
fraction of the double-digit rates of 1980 and 1981. With inflation tamed and
interest rates coming down, the economy roared back from the 1981-82
recession: real GDP grew 4.6%, the strongest calendar-year growth since the
1950s, and unemployment fell from its 10.8% peak to 8.3% by December. Housing
and auto sales, both starved of credit during the recession, led the
rebound. In April, Congress and President Reagan enacted the Social Security
Amendments of 1983, a bipartisan rescue of a system projected to run out of
money within months. The law gradually raised the full retirement age from
65 to 67, began taxing benefits for higher-income retirees, and delayed that
year’s cost-of-living adjustment by six months. For a program whose benefits
had been indexed to the CPI since 1975, the amendments were the first major
sign that inflation-proofing Social Security carried a cost Congress could
not simply legislate away. By year’s end, gas averaged $1.16 a gallon and
mailing a letter still cost 20 cents, prices that had barely moved since
1981, a sharp break from the constant increases of the previous decade.
Every 1983 amount converts to 2000 at the same ratio, 1.73: $1,000 becomes
$1,729, and $10,000 becomes $17,289.
Amount in 1983
Value in 2000
$1.00
$1.73
$5.00
$8.64
$10.00
$17.29
$20.00
$34.58
$50.00
$86.45
$100
$173
$500
$864
$1,000
$1,729
$5,000
$8,645
$10,000
$17,289
$100,000
$172,892
$1,000,000
$1,728,916
Inflation by spending category, 1983–2000
Between 1983 and 2000, medical care rose the most, up 159.2%, while energy rose the least, up 24.7%, against 72.9% for all items. The headline number is an average; here is what $100 of 1983
spending costs in 2000, by category:
Category
Avg. yearly inflation
$100 in 1983 →
All items (CPI-U)
3.27%
$173
Medical care
5.76%
$259
Core (all items less food & energy)
3.59%
$182
Housing
3.19%
$170
Food
3.13%
$169
Transportation
2.59%
$154
Apparel
1.52%
$129
Energy
1.31%
$125
Not shown because the BLS began these indexes after 1983: recreation (1993–), education & communication (1993–).
Decade by decade: 1983 to 2000
Prices climbed fastest in the 1980s, averaging 3.96% a year, and slowest in the 1990s (2.80% a year). Each step below chains into the full 1983–2000 change:
Years
Avg. yearly inflation
Price change
$100 from 1983, at end
1983–1990
3.96%
31.2%
$131
1990–2000
2.80%
31.8%
$173
Year by year: CPI and the value of $100 from 1983
$100 from 1983 had already become $137 by
1991, on its way to $173 in 2000; each row shows the CPI, that
year's inflation rate, and the running value.
Within the span, inflation peaked at 5.4% in 1990, and the smallest rise was 1.6% in 1998.
In 2000, prices rose 3.4% and $100 from 1983 had the buying
power of $173; the year's average CPI of 172.2 is the level
behind every 2000 figure on this page.
Inflation ran at 3.4% in 2000, the highest annual rate since 1991, as an economy growing
above 4% and a rise in oil prices pushed the CPI up. The median household earned about
$42,100, gas averaged $1.51 a gallon, and a new home cost roughly $169,000. The Federal
Reserve had raised interest rates six times since mid-1999 and stopped at 6.5% in May. By
then the stock market had already turned: the Nasdaq hit its record of 5,048 on March 10 and
lost about 39% of its value by December. Consumer prices did not reflect the slowdown yet,
which is why the Fed held rates high through the year even as technology companies began to
fail. In October, Congress granted China permanent normal trade relations, a decision that
would help hold down the price of manufactured goods for years. A first-class stamp cost 33
cents and the federal minimum wage was $5.15. The recession of 2001 brought inflation back
down.
MLA: “Inflation from 1983 to 2000: $100 is worth $173 today.” InflationCalculator.com, U.S. Bureau of Labor Statistics CPI-U data, https://inflationcalculator.com/inflation/1983-to-2000/
APA: InflationCalculator.com. Inflation from 1983 to 2000. Based on U.S. Bureau of Labor Statistics CPI-U data. Retrieved from https://inflationcalculator.com/inflation/1983-to-2000/